Bosch launched RevX, a solution which it says is designed to streamline fleets’ search for freight. According to Bosch, RevX consolidates spot market shipments across multiple sources into a tool designed to aid dispatchers in finding the load. Bosch says this new cloud-based service aggregates search results across multiple brokers and load boards based on a specific criterion, calculates profits, and helps with data-driven decision making to eliminate empty miles.
RevX is the second Bosch product to launch on the company’s Logistics Operating System (L.OS), which debuted last year. The company says the L.OS platform aims to simplify technology and operational processes in the transportation and logistics industry. Since its debut, more than 60 solutions have been integrated into the platform globally, including 17 in the U.S., and Bosch adds that L.OS is open to all providers of logistics solutions.
“L.OS connects the logistics-related products, services, and technology offerings of our strategic partners to solve our customers’ critical pain points that reduce cost and improve profitability across the logistics ecosystem,” said Luke Hugel, president and regional business responsible for Bosch Mobility Platform & Solutions, North America. “By adding RevX to the L.OS platform, fleets now have access to the fastest way to find and win the best load for them on the spot market, in that moment. Furthermore, with L.OS these loads can seamlessly integrate with the fleet’s transportation management system.”
In the future, Bosch says it plans to offer increased functionality within RevX for topics ranging from search results in a scheduler to forecast driver and equipment capacity for loads up to a week into the future, enhanced load planning and process flows, all from a single source. According to Bosch, RevX will use artificial intelligence to turn searches across millions of potential loads into recommendations for the best load.
Bosch says another RevX advantage is increased driver and equipment utilization. Reducing empty miles traveled has a positive impact on driver pay, fleet profitability, and industry sustainability effort—according to the US Department of Transportation, up to 35% of the truck miles (106 billion) are empty miles. RevX aims to reduce this by more than 5%, Bosch said.
